On Tuesday three former top executives of Dewey & LeBoeuf LLP will finally stand trial on criminal charges they committed fraud before the once-storied law firm’s downfall, a grind of a proceeding that will test the mettle of both sides and likely shape the legacy of Manhattan District Attorney Cyrus R. Vance.
Federal authorities have reportedly identified criminal wrongdoing in their investigation of General Motors Co. over faulty ignition switches linked to more than 100 deaths and are working out details of what could be a record settlement.
Sigma Corp. has agreed to pay $4.9 million to a group of direct purchasers of ductile iron pipe fittings to settle a putative class action in New Jersey federal court accusing the company and two others of fixing prices and other anti-competitive behavior, according to a memorandum filed Thursday.
The liquidating trustee of Bernie Madoff's bogus investment firm on Thursday defended his clawback suit seeking $900 million from the two operators of Madoff's first feeder fund and their families, saying the pair were instrumental in growing the Ponzi scheme and concealing the fraud from government investigators.
The D.C. Circuit on Friday overturned part of a 2006 district court order requiring Philip Morris USA Inc. and two other tobacco companies to issue public statements about their past cigarette advertising, saying the lower court overstepped its authority.
CVS Pharmacy Inc. agreed to pay $2.4 million to settle a consumer protection lawsuit over allegedly charging customers more than advertised and failing to give cash back on gift cards less than $10 apiece, the Los Angeles County district attorney said Thursday.
The Second Circuit said Friday it would not resurrect a class action accusing PricewaterhouseCoopers LLP of failing to properly audit MF Global Inc. before the brokerage firm spiraled into bankruptcy in 2011.